jump to navigation

Unemployment, March 2012 March 9, 2012

Posted by geoff in News.
trackback

[2016 Ace readers: you can find more up-to-date employment charts here and Obama’s manufacturing and export fails here and here, respectively.]

Unemployment time again, but this time the report isn’t half-bad. Unemployment stayed the same at 8.3%, but a number of people came back into the labor force, and the number of unhappy part-timers dropped. Labor force participation went up (from 63.7% to 63.9%)!

There is a slight downside. Of the 227K jobs added, 20% were in restaurants and another 20% were temp jobs, so not the best signs of a recovering economy – but hey, better than being jobs lost.

Here’s the chart:

I expect things to slow down a bit over the next couple of months. Rising gas prices are going to hamper the economy (again), which could lead us to another Doldrum Summer.

Comments»

1. Retired Geezer - March 9, 2012

Yay.

*sends an IOU for an Adult Beverage, in Geoff’s general direction*

2. Chris B - April 6, 2012

So after all the stimulus money has been blown, Geithner revises the projection to what… make it easier to say unemployment is decreasing at a rate consistent with the stimulus plan?


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: